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Plan I

This report sets out our 12-point plan to kick-start sustainable innovation-led growth and counter the innovation strike of the last decade.

Key Findings

Growth depends on innovation - our ability to generate and adopt new knowledge and ideas.

The last decade has shown the disconnect between the UK's financial sector and investment in innovation and technology.

The UK must put in place the financial architecture that businesses need to innovate and grow.

Since the recession started in 2008, the UK's economic debate has focused on short-term recovery, and the battle between the two big plans: Plan A or Plan B, austerity or stimulus.

But neither of these addresses the UK's longer-term growth prospects. Our 2012 Innovation Index figures showed that the UK economy, far from flourishing in the last 10 years, has experienced a 'lost decade' of innovation, damaging long-term growth.

Nesta is now calling for a new conversation about economic growth, and Plan I sets out the direction we believe the UK should travel in.

Nesta's Plan I sets out 12 recommendations to kick-start sustainable innovation-led growth, and move beyond the typical economic policy that has dominated in the UK for the last decade. The 12 recommendations include rebalancing government spending towards innovation, infrastructure investment, public and social innovation and removing barriers to entrepreneurship. Read more on Plan I.

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Nesta is a registered charity in England and Wales 1144091 and Scotland SC042833. Our main address is 1 Plough Place, London, EC4A 1DE. You can reach us by phone on 020 7438 2500 or drop us a line at [email protected].